BaltCap acquires Xpediator, a freight management company

Private equity fund manager BaltCap, with co-investors, has acquired Xpediator, an international company that provides freight-forwarding, logistics, and transport support solutions. The deal aims to accelerate the development of the company’s offers in CEE and the UK.

• Xpediator, was established in 1988, originally as Delamode. Currently, it is a fast-growing international freight management company providing logistics and transport support solutions in CEE countries, such as Lithuania, Estonia, Bulgaria, Serbia, Montenegro, Macedonia, Romania, Moldova and the UK. In 2021, the CEE operations accounted for being 62% of the Group’s turn. 
• The Group now employs over 1,000 people, with operational headquarters in Braintree, Essex and 34 offices across the world. The company’s turnover is about £386.7 million. 
• BaltCap is an independent private equity investor that focuses on small and mid-market buyout and expansion capital investments. The firm has strong presence in Estonia, Latvia, Lithuanian, Finland, and Poland, with local offices there. 
• The deal was completed by a consortium led by BaltCap, including Xpediator’s largest shareholder, Cogels Investments Limited, the investment vehicle of Stephen Blyth’s family (the former CEO of Xpediator), and Justas Versnickas.
• The acquisition will enable Xpediator to accelerate its growth, and become a leader in global supply chain solutions in the Baltic region. It also helps to develop and provide new products, such as intermodal freight and green logistics solution.